Charter’s Time Warner Cable Merger Bid Could Come Next Week
What’s the opposite of a Christmas miracle? How about a merger between two of the largest cable providers in the United States? Bloomberg reports that Charter, previously rumored to be in the running for a buyout of Time Warner Cable, is drafting an offer letter that it could send out as early as next week to acquire TWC for under $140 per share. According to Bloomberg’s source, “the offer will include cash and Charter stock.” The FCC has already hinted that it would reject Comcast’s bid to try to buy Time Warner Cable, so it’s hard to imagine Charter will be any more successful.Comcast is not a part of this deal, despite previous reports of a joint offer, but the company is watching closely to see how the situation develops.